SUPPLEMENT NO. 1 TO SIXTH AMENDMENT AND RESTATEMENT OF LOAN AGREEMENT AND PROMISSORY NOTE
Exhibit 10.22
SUPPLEMENT NO. 1 TO SIXTH AMENDMENT AND RESTATEMENT OF LOAN AGREEMENT AND PROMISSORY NOTE
THIS SUPPLEMENT No. 1 TO SIXTH AMENDMENT AND RESTATEMENT OF LOAN AGREEMENT AND PROMISSORY NOTE by and between BLINK COUTURE, INC., a Delaware corporation (the “Maker”) and REGENT PRIVATE CAPITAL, LLC, an Oklahoma limited liability company (the “Payee”) entered into as of April 30, 2012, supplements and amends that certain Sixth Amendment and Restatement of Loan Agreement and Promissory Note dated as of January 31, 2012 (the “Amendment and Note Restatement”). Capitalized terms used herein without definition shall have the meanings ascribed to such terms in the Amendment and Note Restatement.
For value received, the Maker and Payee hereby agree, effective as of the date hereof, that the following provisions shall supplement and become part of the Amendment and Note Restatement:
1. Additional Advances. The Parties hereby agree that during the period from February 1, 2012 through April 30, 2012, the Payee has made additional advances to the Maker, in the aggregate amount of $28,286, in payment of the Maker’s operating expenses during that period, so that effective as of April 30, 2012, the total outstanding principal amount due and payable pursuant to the Note is $327,995.
2. No Further Changes; Full Force and Effect. The additional advances described in Paragraph 1 above reflect all changes to the Amendment and Note Restatement. All other terms of the Amendment and Note Restatement shall remain unchanged and in full force and effect, unless and until further supplemented or amended hereafter.
IN WITNESS WHEREOF, the Maker has caused this Supplement No. 1 to Sixth Amendment and Restatement of Loan Agreement and Promissory Note to be duly executed and delivered as of the day and year first written above.
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BLINK COUTURE, INC.
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By:
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/s/ ▇▇▇▇▇▇▇▇ Field | |
| Name: ▇▇▇▇▇▇▇▇ Field | |||
| Title: President & CEO | |||
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REGENT PRIVATE CAPITAL, LLC
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By:
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/s/ ▇▇▇▇▇ ▇. Field | |
| Name: ▇▇▇▇▇ ▇. Field | |||
| Title: Secretary | |||